Garrison Financial Corp Has $3.05 Million Stake in AutoZone, Inc. (AZO)
Garrison Financial Corp grew its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,116 shares of the company’s stock after buying an additional 89 shares during the period. AutoZone accounts for approximately 1.7% of Garrison Financial Corp’s portfolio, making the stock its 26th largest holding. Garrison Financial Corp’s holdings in AutoZone were worth $3,045,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of AutoZone by 1.7% during the second quarter. Vanguard Group Inc. now owns 1,899,758 shares of the company’s stock valued at $1,083,735,000 after buying an additional 32,542 shares during the period. FMR LLC increased its position in shares of AutoZone by 6.7% in the second quarter. FMR LLC now owns 1,864,473 shares of the company’s stock worth $1,063,608,000 after purchasing an additional 117,019 shares during the last quarter. State Street Corp increased its position in shares of AutoZone by 5.1% in the second quarter. State Street Corp now owns 1,363,261 shares of the company’s stock worth $777,679,000 after purchasing an additional 66,734 shares during the last quarter. Nordea Investment Management AB increased its position in shares of AutoZone by 44.9% in the second quarter. Nordea Investment Management AB now owns 1,027,095 shares of the company’s stock worth $585,917,000 after purchasing an additional 318,188 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of AutoZone by 59.7% in the second quarter. JPMorgan Chase & Co. now owns 1,018,416 shares of the company’s stock worth $580,966,000 after purchasing an additional 380,824 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.
AutoZone (NYSE:AZO) last released its earnings results on Tuesday, September 19th. The company reported $15.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $15.11 by $0.07. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a negative return on equity of 74.48% and a net margin of 11.76%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $14.30 EPS.
Several research firms recently weighed in on AZO. Robert W. Baird restated a “hold” rating and issued a $590.00 price objective on shares of AutoZone in a research report on Friday, October 27th. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday. Stephens restated a “hold” rating and issued a $550.00 price objective (down from $620.00) on shares of AutoZone in a research report on Thursday, September 21st. Credit Suisse Group set a $640.00 price objective on shares of AutoZone and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank Of Canada decreased their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $724.45.
In other news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now owns 8,131 shares of the company’s stock, valued at approximately $4,756,309.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.
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Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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